Electric Propulsion Revolution Pushes Space Propulsion Market Toward USD 20.2 Billion Milestone
The Space Propulsion market is entering a transformative growth phase, driven by rapid advancements in propulsion systems, rising satellite deployments, and increasing investments in deep-space exploration. Estimated at USD 10.21 billion in 2024, the market is projected to reach USD 20.02 billion by 2030, growing at an impressive CAGR of 11.9%. As the global space industry shifts toward higher...
Space Propulsion Market Trends: Electric, Chemical, and Nuclear Systems Drive Growth
The global space propulsion market, valued at USD 13.36 billion in 2025, is expected to reach USD 20.02 billion by 2030, growing at a CAGR of 12% during the forecast period. The expansion of Low Earth Orbit (LEO) satellite constellations and the surge in satellite launch activities are major factors fueling this growth. Demand is rising for advanced propulsion technologies...